60. Application to set aside sale of immovable property on deposit
(1) Where immovable property has been sold in execution of a certificate, the defaulter, or any person whose interests are affected by the sale may, at any time within thirty days from the date of the sale, apply to the Tax Recovery Officer to set aside the sale, on his depositing-
(a) for payment to the Commissioner, the amount specified in proclamation of sale for the recovery of which the sale was ordered with interest thereon at the rate of twenty four per centum per annum, calculated from the date of the proclamation of sale to the date when the deposit is made; and
(b) for payment to the purchaser, as penalty, a sum not exceeding twenty-five per centum of the purchase-money, but not less than five per centum of such purchase-money, as may be determined by the Tax Recovery Officer.
(2) Where a person makes an application under rule 61 for setting aside the sale of his immovable property, he shall not, unless he withdraws such application, be entitled to make or prosecute an application under this rule.